USD/CAD Faces Hurdle Near 1.2600, CPI Report Next
Key Highlights USD/CAD started a fresh increase after testing the 1.2470 support region. A major declining channel is forming with resistance near 1.2610 on the 4-hours chart. EUR/USD and GBP/USD extended gains before correcting lower. Canada’s CPI could increase 2.3%...
EURCHF Flickers a Neutral-to-Bearish Tone
EURCHF’s consolidation is adopting a slightly more bearish demeanour on the four-hour chart as the price is challenging the 50-period simple moving average (SMA) and the Ichimoku cloud on the downside. The SMAs overall are emanating a growing negative tilt...
DAX 30 Waiting For Pullback To 38.2% And 144 Ema At 15k
On the 4 hour chart below, we can see how the moving averages help us identify the moments when price action is making a pullback within the uptrend. German stock index DAX 30 (DE30) has been in a major uptrend...
US 500 Index Ready to Elevate All-Time High
The US 500 stock index (Cash) is sustaining its bullish tone above the rising Ichimoku lines, which are nourishing the price’s attempts to steer higher. Additionally, the advancing simple moving averages (SMAs) are shielding the positive structure. The short-term oscillators...
AUD/USD: Weaker Dollar Lifts Aussie to One-Month High
The Australian dollar spiked to one-month high vs its US counterpart on Monday as commodity currencies rose on broadly sold greenback. Bulls penetrated daily cloud but failed to break above as cloud, although thin (0.7762/85) marks solid barrier which reinforces...
Gold Price Outlook: There Is A Connecting Bullish Trend Line With Support Near $1,774
Gold price found support near $1,725 and started a fresh increase against the US Dollar. The price climbed above the $1,740 and $1,750 resistance levels to move into a positive zone. The pair even climbed above $1,775 and settled nicely...
XAU/USD Outlook: Gold Rises to Seven-Week High, Fresh Advance Completes Double-Bottom Pattern
Spot gold rose to seven-week high on Friday, gaining 0.8% for the day in extension of Thursday’s 1.5% advance. Weaker dollar and US Treasury yields holding near one-month low were the main drivers of the yellow metal in past two...
Has Gold Ended the Eight Months Correction?
There’s a lot of talk in Fintwit lately suggesting that precious metals may have ended the long 8 months correction and ready for the next glorious rally. In this article, I will attempt to answer the question whether Gold has...
USD/JPY Outlook: Close Below 200WMA To Signal Deeper Pullback
Bears are taking a breather on Friday but remain firmly in play following bearish signal generated on repeated close below pivotal Fibo support at 108.99 (23.6% of 102.59/110.96 / 200WMA). The pair is also on track for the second consecutive...
EUR/USD Outlook: Bulls Remain In Play And Consolidate Ahead Of Fresh Attack At Key 1.20 Zone
The Euro regained traction on Friday and edged higher, minimizing negative impact from Thursday’s close in red which signaled that bulls are running out of steam ahead of key barriers at 1.2000/06 (psychological/daily cloud base). The uptrend from 1.1704 (Mar...
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